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Investment trust
MRCMercantile Investment Trust (The) plc
Managed by J.P. Morgan Asset ManagementGuy Anderson, Anthony Lynch
Latest factsheet
31 May 2026
Net assets
£2.17bn
Yearly charge
0.49%
vs asset value
9.7% discount
Borrowing
15.30%
Dividend yield
3.10%
The Company aims to achieve long-term capital growth through investing in a diversified portfolio of UK medium and smaller companies. It pays quarterly dividends and aims to grow its dividend at least in line with inflation. The Company's gearing policy is to operate within a range of 10% net cash to 20% geared. Gearing may magnify gains or losses experienced by the Company.
9.7% discount — the shares change hands for less than the value of what the trust owns. Unlike an open-ended fund, a trust’s shares are bought and sold on the stock exchange, so their price is whatever buyers and sellers agree — not the value of the portfolio behind them.Share price 2.68 · asset value per share 2.97 (GBP)
Cumulative performance
| Period | Trust | FTSE All-Share (ex FTSE 100, ex Inv Companies) (£) |
|---|---|---|
| 1M | +2.49% | +2.31% |
| 3M | +0.85% | +0.77% |
| YTD | +5.55% | +5.78% |
| 1Y | +10.09% | +9.07% |
Annualised performance
| Period | Trust, a year at a time | FTSE All-Share (ex FTSE 100, ex Inv Companies) (£) |
|---|---|---|
| 3Y | +14.32% | +11.60% |
| 5Y | +2.76% | +3.57% |
| 10Y | +7.93% | +7.33% |
Top holdings
| # | Holding | Weight | |
|---|---|---|---|
| 1 | Softcat | 3.90% | |
| 2 | Plus500 | 3.70% | |
| 3 | Serco | 3.60% | |
| 4 | Cranswick | 3.40% | |
| 5 | Intermediate Capital Group | 3.30% | |
| 6 | Balfour Beatty | 3.30% | |
| 7 | Hill & Smith | 3.10% | |
| 8 | Bellway | 2.80% | |
| 9 | IG Group | 2.70% | |
| 10 | Games Workshop | 2.50% |
Portfolio breakdown
Sector
| Financials | 26.90% | |
| Industrials | 24.20% | |
| Consumer Discretionary | 16.60% | |
| Technology | 9.30% | |
| Consumer Staples | 7.80% | |
| Real Estate | 6.90% | |
| Basic Materials | 5.20% | |
| Cash | 2.00% | |
| Utilities | 1.10% | |
| Health Care | 0.00% | |
| Energy | 0.00% | |
| Telecommunications | 0.00% |
Key facts
- Stock market ticker
- MRC
- ISIN
- GB00BF4JDH58
- Benchmark
- FTSE All-Share (ex FTSE 100, ex Inv Companies) (£)
- Currency
- GBP
- Domiciled in
- United Kingdom
- Management fee
- 0.45%
- Dividends paid
- Quarterly
Source factsheets
| Date | Published by the trust |
|---|---|
| 31 May 2026 | View original factsheet ↗ |